What the SBA's New Quality of Earnings Requirement Means for Business Acquisitions
The SBA's new SOP 50 10 8.1, effective October 1, 2026, adds a formal Quality of Earnings (QoE) requirement to certain SBA-financed acquisitions...
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Redpath and Company
:
June 20, 2022
June 13, 2022 – When Minnesota Governor Tim Walz signed S.F. No. 2677 (2022) into law in May, providing bonus pay for eligible COVID-19 frontline workers, final details were still being worked out. Now that most of the details have been finalized, Minnesota employers need to prepare for a fast-approaching deadline.
The State of Minnesota recently released the required employer notice for the Frontline Worker Pay program and confirmed the application process was slated to open June 8. The employer notice announcement can be found here: http://www.dli.mn.gov/notice
RELATED: Minnesota Bonus Pay Program Signed into Law
As part of the Frontline Worker Pay program, employers in a frontline sector are required to provide notice of the program by June 23, 2022. They must advise all current employees who may be eligible for Frontline Worker Pay of the assistance that may be available to them and how to apply for benefits.
This notice to employees is required under the law and beginning June 8, 2022, employers in the identified frontline sectors will have 15 days to advise all current workers who may be eligible for frontline worker pay.
A toolkit with more information can be found here: https://www.dli.mn.gov/toolkit
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